The Danish company says it will be able to maintain its revenue and profit guidance by making the cuts. It forecasts revenues will rise by 20% to €7.2bn, while its margin for earnings before interest and tax (Ebit) is expected to be 11%-13%, including costs associated with the lay-offs, says chief executive and president Ditlev Engel.

The company reported first-quarter results showing that revenue increased by 58% to €1.1bn